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Engineered Components Company

$595,000 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
6246037403
Date Approved
May 14, 2020
Loan Status
Paid in Full
Initial Approval
$595,000
Current Approval
$595,000
Forgiveness Amount
$601,942
Forgiveness Date
Jul 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Engineered Components Company
Address
1100 Davis Rd
City
Elgin
State
Illinois
ZIP Code
60123-1316
Business Type
Corporation
Industry (NAICS)
Manufacturing (332722)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$409,000
Rent
$138,600
Utilities
$17,700
Health Care
$29,700

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

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